IFIC Requests Changes to Proposed FATCA Regulations Sources News Release Resource Type: Article Published: 2012 The Investment Funds Institute of Canada (IFIC) has responded to a request for submissions by the U.S. Department of Treasury and Internal Revenue Service (IRS) regarding the proposed regulations relating to the Foreign Account Tax Compliance Act.
IRS seizes hundreds of perfectly legal bank accounts, refuses to give money back Resource Type: Article Published: 2014 The Internal Revenue Service has been seizing bank accounts belonging to small businesses and individuals who regularly made deposits of less than $10,000, but broke no laws. And the government is refusing to return all the money taken. The practice - called civil asset forfeiture - allows IRS agents to seize property they suspect of being tied to a crime, even if no charges are filed, and their agency is allowed to keep a share of whatever is forfeited.
100,000 Clients, $100 Billion: The Swiss Leaks Data Resource Type: Article Published: 2015 The files at the foundation of the Swiss Leaks project are based on data secreted away by Hervé Falciani, a former HSBC employee-turned-whistleblower. He turned the data over to the French government in 2008 and its tax authority launched an investigation.
60 Minutes: Stolen Data Shakes Swiss Banking to its Core Resource Type: Film/Video Published: 2015 60 Minutes' Bill Whitaker investigates the biggest leak in Swiss banking history and examines HSBC's business dealings with a collection of international outlaws.